To ensure access to prescription medications

This bill sets rules for how pharmacy benefit managers can create lists of drugs with maximum allowable costs. It requires these lists to be based on FDA ratings and the availability of generic alternatives. The bill also mandates that pharmacy benefit managers must make their cost lists and sources available to contracted pharmacies, update them regularly, and ensure reimbursement rates are fair. Additionally, it establishes a process for pharmacies to appeal maximum allowable costs and prohibits certain retroactive discounts.

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